$W token pumps ~60% in the last 24 hours as @blknoiz06 calls $W undervalued. RWA infrastructure thesis and $W tokenomics 2.0 updates drove the move. Wormhole is a cross-chain protocol that allows assets and data to move and communicate across chains seamlessly. Tokenized stock seems to be the big driver behind this move. They're bringing Sunrise's tokenized equities to Solana, powered by Wormhole's NTT platform. @blknoiz06 called $W undervalued, calling the above partnership a vital inflection point proving Wormhole's utility as critical institutional infrastructure. W 2.0 tokenomics were introduced in 2025 and continue to be actively adopted. The tokenomics upgrade aims to ship the following upgrades: > Setting up a Wormhole reserve to capture protocol revenue. > A target 4% base yield for stakers. > Bi-weekly small unlocks instead of large annual cliffs to reduce sell pressure. > Introduction of MultiGov allowing $W holders on any chain to vote on governance proposals. No material implementation of the Wormhole reserve fund or revenue flows is active today. Wormhole has cumulatively processed ~$70B in crosschain volumes, but has zero protocol revenue. From an institutional perspective, Wormhole is Securitize's official interop partner. Securitize recently announced the launch of its own tokenized equities on the Solana network, and Wormhole could see volume growth as more equities are issued and traded onchain.